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INDIGO PAINTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of INDIGO PAINTS is 32.31.

Share Price ₹999.8May 27,2026
Market Cap ₹4,768.8 Cr
Earnings-TTM₹147.6 CrTTM-Consolidated Results
Price/Earnings32.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INDIGO PAINTS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of INDIGO PAINTS is calculated as :

Current Market Cap [ ₹4,768.8 Cr] as on May 27,2026

(/) Earnings [ ₹147.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 32.31x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for INDIGO PAINTS , the investors are currently willing to pay 32.31 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of INDIGO PAINTS !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of INDIGO PAINTS over the last five years.

Historical PE (Price/Earnings) ratio chart of INDIGO PAINTS


PE Ratio Performance Analysis for INDIGO PAINTS

- INDIGO PAINTS 's latest p/e ratio is 32.31x.

- INDIGO PAINTS 's p/e ratio for fiscal years ending Mar2025 to Mar2016 averaged 27.18x.

- INDIGO PAINTS 's operated at median p/e ratio of 36.4x from fiscal years ending March 2018 to 2022.

- Looking back at the last 4 fiscal years, INDIGO PAINTS 's p/e ratio peaked in Mar2024 at 40.6x.

- INDIGO PAINTS 's p/e ratio hit its five-year low in Mar2016 of 0x.


How does INDIGO PAINTS 's P/E Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INDIGO PAINTS 147.6132.314,768.8
ASIAN PAINTS LTD3,746.6168.42256,336.0
BERGER PAINTS INDIA LTD1,076.9757.0561,436.7
KANSAI NEROLAC PAINTS LTD575.8430.6917,673.2
JSW DULUX LTD1,973.806.7013,228.8
SHALIMAR PAINTS LTD-66.98-6.56439.7

Paints Industry Benchmark (Top 10) PE Analysis vs INDIGO PAINTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -6.56x
Max industry PE 68.42x
Median industry PE 32.31x
Average industry PE 31.43x



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